Kenya's Centum pursuing sales to fund power & real estate deals, says CEO James Mworia

James Mworia, CEO, Centum Investments

Kenya‘s Centum Investment is working on selling its stakes in several firms to fund new investments in power plants, real estate and other areas, its chief executive said.

James Mworia told the Reuters Africa Investment Summit the company, whose market value has jumped seven-fold over the last five years to 40 billion shillings ($438 million), was targeting new investments that would maintain growth momentum.

He did not mention what the sales were, adding that such transactions could take 18 months to complete.

“We have a pipeline of investments in areas with high returns and less competition,” he said, referring to the real estate and energy sectors.

Read more: Kenya's Centum pursuing sales to fund power, real estate deals | Reuters.